Russian Sberbank to sell its subsidiary in Ukraine

Source : 112 Ukraine

Sberbank belives that selling the bank would help to unblock its offices and restore their normal operation
09:45, 28 March 2017

Facebook/Lyubov Velichko

Russian Sberbank agreed to sell its Ukrainian subsidiary to the consortium involving Latvian Norvik Banka and Belarusian companies, according to a press release of the bank.

“We hope that the decision to sell our subsidiary will help to unblock its offices and restore their normal operation that will allow the clients to continue to freely use services of one of the most stable and efficient banks in Ukraine and will be the basis for its further development,” the message says.

Related: National Corps decides to temporarily unblock Sberbank offices

It is noted that the bank has necessary resources to fulfill its obligations before private and corporate clients.

Earlier it was reported that Russian Sberbank actively searches exit from Ukrainian market. Sberbank called the ban on interbank operations between main entity and its subsidiaries discrimination.

Related: Protesters immured Russian Sberbank building in Ternopil

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